ASI Market Report

Market Summary, Week ending May 17, 2019

Commercial Feeder Prices, ($/cwt.), St. Onge-Newell, SD: Prices not reported due to light receipts; Billings, MT (April 15): $175-$198.

Slaughter Prices – Live, negotiated, 127-187 lbs. $155.58 per cwt.

Slaughter Prices – Formula, 83.70 lbs. carcass weight $293.65 per cwt.

Slaughter Prices “Comprehensive Information”–-Formula & Negotiated, 82.09 lbs. carcass weight $299.31 per cwt.

Equity Electronic Auction, No sales.

Slaughter Prices – Non-traditional, San Angelo, TX $158-$188 for 70-90 lbs.; New Holland, PA $200-$245 for 70-90 lbs.

Federally-inspected slaughter (Week ending 5/4/19): 41,367 head

Cutout Value/Net Carcass Value (1), $337.46 per cwt.

Carcass Price, Choice and Prime, YG 1-4, weighted average prices ($/cwt.), No prices reported.

Boxed Lamb, weighted average prices ($/cwt.), Trimmed Loins 4x4 513.71, Rack, roast-ready, frenched (cap-on) 1,732.52, Rack, roast-ready, frenched, special (cap-off) 2,148.55, Leg, trotter-off, partial boneless 512.90, Shoulder, square-cut 294.43, Ground lamb 574.91.

Imported Boxed Lamb, weighted average prices ($/cwt.), AUS Rack (fresh, frenched, cap-off, 28 oz/up) 1,224.92, AUS Shoulder (fresh, square-cut) 309.87, AUS Leg (fresh, semi boneless) NA, AUS Rack (frozen, frenched, cap-off, 28 oz/up) 1,156.78, NZ Rack (frozen, frenched, cap-off, 20 oz/up) 1,175.55, AUS Shoulder (frozen, square-cut) 270.92.

Exported Slaughter Ewes, 0 head

Wool, ($/pound clean), delivered FOB, From 2 weeks ago: 18 micron (Grade 80s) 6.61, 19 micron (Grade 80s) 6.54, 20 micron (Grade 70s) 6.29-6.41, 21 micron (Grade 64-70s) 6.28, 22 micron (Grade 64s) 5.79-6.12, 23 micron (Grade 62s) 5.40-5.74, 24 micron (Grade 60-62s) 5.11-5.13, 25 micron (Grade 58s) 4.23, 26 micron (Grade 56-58s) 3.54, 27 Micron (Grade 54-56s) 3.08, 28 micron (Grade 54s) NA, 30 micron (Grade 50s) NA, 32 micron (Grade 46-48s) NA, Merino Clippings NA.

Australian Wool, ($/pound clean), delivered FOB, 18 micron (Grade 80s) 5.60-6.35, 19 micron (Grade 80s) 5.35-6.06, 20 micron (Grade 70s) 5.26-5.96, 21 micron (Grade 64-70s) 5.29-5.99, 22 micron (Grade 64s) 5.23-2.93, 23 micron (Grade 62s) NA, 24 micron (Grade 60-62s) NA, 25 micron (Grade 58s) NA, 26 micron (Grade 56-58s) 3.49-3.95, 28 micron (Grade 54s) 2.89-3.27, 30 micron (Grade 50s) 2.42-2.74, 32 micron (Grade 46-48s) 1.59-1.80, Merino Clippings 2.58-2.92.

(1) The cutout value is the same as a net carcass value. It is a composite value that sums the value of the respective lamb cuts multiplied by their weights. It is also the gross carcass value less processing and packaging costs.